Banking Awareness Important Questions for PO/Clerical Exams 2012 (GK Quiz - 184)

1. Which of the following is/are the implications of large inflow of foreign exchange in India?
a. It makes the monetary management difficult for the RBI
b. It creates money supply asset bubbles and inflation
c. It weakens the competitiveness of Indian exports
Select the correct answer:
[A]Only a
[B]Only b
[C]Only c
[D]All a, b and c


2. For the welfare of which of the following section does the organisation ‘CRY’ work?
[A]Leprosy patients
[B]Children
[C]Senior citizen
[D]War victims


3. The Reserve Bank of India (RBI) is authorised to make to the central and state government ways and means advances. These are payable within what time period?
[A]3 months
[B]6 months
[C]9 months
[D]12 months


4. On which of the following issues can SEBI penalise any company in India?
a. Violation of Banking regulation Act
b. Violation of foreign portfolio investment guidelines
c. Violation of negotiable instruments act
Select the correct answer
[A]Only a
[B]Only b
[C]Only c
[D]None


5. Which of the following is not the part of the financial system in India?
[A]Industrial finance
[B]Agricultural finance
[C]Personal finance
[D]Government finance


6. The major source of income of banks is lending money and earning interest on it. In normal circumstances the demand of credit comes mainly from which of the following sectors?
a. Personal loans
b. Priority sector lending and bailout packages
c. Project finance
Choose the right answer
[A]Only a
[B]Only b
[C]Only c
[D]All of the above


7. Which of the following policies /accords is closely associated with the reforms in banking industry?
[A]Doha Accord
[B]Basel Accord
[C]Look East policy
[D]Geneva Agreement


8. Money laundering normally involves:
[A]Placements of funds
[B]Layering of funds
[C]Integration of funds
[D]All of the above


9. World’s largest Gas reserves are located in which of the region
[A]Russia
[B]Middle East
[C]Africa
[D]Europe


10. In the banking world when loan given by a bank to an individual or organisation is not returned by the borrower wishfully or otherwise, it is known as?
[A]Standard asset
[B]Non performing asset
[C]Overdraft
[D]None of the above


11. The gilt edged market refers to the market for
1. Government securities
2. Semi government securities
3. Corporate securities.
Choose correct option
[A]Only 1
[B]Only 2
[C]Only 3
[D]Both 2 and 3


12. In case a depositor wishes to withdraw his fixed deposit prematurely from a bank, the bank
[A]Does not allow the same till maturity of the deposits
[B]Charges a penalty for the same
[C]Does not allows a premature withdrawal
[D]Does not charge any penalty and allows the same


13. EBT Stands for-
[A]Electronic belated transfer
[B]Electronic beginners transfer
[C]Electronic benefit transfer
[D]Electronic beginning transfer


14. The Investor’s Education and Protection Fund (IEPF) for promotion of investors awareness and protection of the interest of investors is under which of the following ministries in India
[A]Ministry of Finance
[B]Ministry of Corporate Affairs
[C]Ministry of Commerce
[D]Ministry of Overseas Affairs


15. Narsimham Committed recommended to reduce the Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) to:
[A]'25% and 3.5% respectively
[B]'24% and 3% respectively
[C]'25% and 2% respectively
[D]'20% and 3.5% respectively